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Jan 22, 2013
01/13
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republicans are offering a compromise on the debt ceiling, backing onshore flow a requirement to cut $1 for every dollar raised. >> for us to have a debate about spending and debt we've got to have a he can to us beyond budget and what we're going to do to achieve a balanced budget over time. >> a great opportunity for us. in our budget that we will pass, we will have tax reform which many of my republican colleagues like but it's going to include revenues. >> the house is expected to approve the debt limit increase tomorrow. >>> the super bowl will be in new orleans, but police are getting ready for potential problems in san francisco. they arrested a dozen people in the mission district sunday as fans celebrated the 49'ers win in atlanta. most of them were for public intoxication. there were arrests for dui, assault and an outstanding warrant, no reports of vandalism. >>> not to get ahead, but why not? it's worth noting more than a dozen cities had multiple sports championships in a single year. but since super bowl era, only four. baltimore did it in 1970. pittsburgh in 1979. new
republicans are offering a compromise on the debt ceiling, backing onshore flow a requirement to cut $1 for every dollar raised. >> for us to have a debate about spending and debt we've got to have a he can to us beyond budget and what we're going to do to achieve a balanced budget over time. >> a great opportunity for us. in our budget that we will pass, we will have tax reform which many of my republican colleagues like but it's going to include revenues. >> the house is...
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Jan 22, 2013
01/13
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congress gets back to workings house republicans could avoid a showdown over the debt ceiling. coming up, we will have a live report from our washington d.c. newsroom with not so hidden agenda. >>> tara moriarty tells us about the four victims shot at and they are all teens. >> reporter: ever since we were here, neighbors stopped by to ask us if we have more information because quite frankly they are shocked as the teens were standing here and somebody drove bias -- drove by and shot at them. you can see the bullet holes. this all happened at 6:00 in grandville and the driveby shooting left four young people ranging in age 13 to 16 and luckily they are all expected to survive. they were struck by bullets by three or four males ins side. two middle school boys were here and we don't know if they were in deed the victims. >> i have seen them playing soccer and i have never had any problems with that family. >> so you really are surprised. >> yes, it is very surprising, very scary. >> right now detectives say they have no motive and they are not saying if the shooting is related.
congress gets back to workings house republicans could avoid a showdown over the debt ceiling. coming up, we will have a live report from our washington d.c. newsroom with not so hidden agenda. >>> tara moriarty tells us about the four victims shot at and they are all teens. >> reporter: ever since we were here, neighbors stopped by to ask us if we have more information because quite frankly they are shocked as the teens were standing here and somebody drove bias -- drove by and...
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Jan 22, 2013
01/13
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ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who'
ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit...
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Jan 23, 2013
01/13
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ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit reduction. so the use of the debt ceiling for the purpose that is ascribed to this one does not have a history that supports its use for this purpose. and so to the extent that you have the ability to look at this issue, i would urge that this is not only a dangerous precedent but a very likely problem for the economy when we need to emphasize economic growth and jobs. so i say that in a somewhat sober way because of what happened before. thank you. >> thank you very much. i'd like to welcome mr. brady, former chairman of the house administration committee, who'
ceiling -- using the debt ceiling for leverage is a mistake. i'll finish with this, because we were at the ways and means committee and i gave the opening statement, and one of the witnesses are talked about gramm-rudman. it was attached to a debt ceiling bill. i was among the democrats who voted for it, but it passed -- it was deemed passed in the house. and the debt ceiling bill was used by senators as a vehicle, not as a threat. and not for leverage but as a vehicle to attach deficit...
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Jan 23, 2013
01/13
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter: paul ryan will draft the republican budget, likely with deeper cuts than the one he offered last year. that's a carrot to get conservatives to go along, some still want to see cuts first. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter:...
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Jan 23, 2013
01/13
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there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including efforts to
there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president...
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Jan 23, 2013
01/13
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the debt ceiling is paying the debt. i am troubled, i am troubled by the fact that we would use this tactic. i want bipartisanship. in fact, someone who raises issues about the vulnerable, like myself, have worked with my republican friends. i look forward to doing it. i am an american. i believe in the constitution, but you do not raise the debt ceiling in increments. the administration says we won't stop it but we want a long-term increase so we can begin to discuss the building of this nation. growth, the constitution, that's what we should be talking about, making america better. i yield back the balance of my time. the speaker pro tempore: the gentlelady's time has expired. the gentleman from texas is recognized. mr. sessions: thank you very much, mr. speaker. the gentlewoman from texas, houston, texas, is absolutely correct. we do need long-term growth of our economy. we need jobs. we need job creation. we need to be able to reduce the debt of this country. the president is well aware, we're well aware here in cong
the debt ceiling is paying the debt. i am troubled, i am troubled by the fact that we would use this tactic. i want bipartisanship. in fact, someone who raises issues about the vulnerable, like myself, have worked with my republican friends. i look forward to doing it. i am an american. i believe in the constitution, but you do not raise the debt ceiling in increments. the administration says we won't stop it but we want a long-term increase so we can begin to discuss the building of this...
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Jan 21, 2013
01/13
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be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature issues. and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try
be held wednesday to raise the debt ceiling temporarily. why would they do something like this, which might seem at first blush to be backing down. there were a couple of reasons, scott. first of all they looked at polling when they were out there at that retreat it looks like the polling that you were just talking about. it showed that americans by a pretty significant margin trust the president over house republicans when it comes to things like the deficit which is one of their signature...
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Jan 22, 2013
01/13
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in fact, we have a debt ceiling vote tomorrow. we're not voting to raise the debt ceiling, mr. speaker. we're voting to suspend it. i think this is bad policy because i think that markets, business people and everybody else needs to know that the congress is going to stand by the credit rating and the debts of the american people. we're not going to default. we shouldn't threaten that we are, mr. speaker. it's bad. it's not a good thing to do. mr. speaker, it's important for the american people to know that when we talk about raising the debt ceiling, congress is not approving new spending. we're not borrowing -- we're saying that we're going to pay the bills on debts we already acquired. mr. speaker, it's kind of like this. if you have a family and somehow you have a mortgage to pay, you've already obligated to pay a mortgage, now, if you don't have the money for your mortgage, you may have to go to your cousin, your brother, your uncle and say, i need you to help me until next week so you can pay the mortgage. now you borrow money to an obligation you already owe. and if you
in fact, we have a debt ceiling vote tomorrow. we're not voting to raise the debt ceiling, mr. speaker. we're voting to suspend it. i think this is bad policy because i think that markets, business people and everybody else needs to know that the congress is going to stand by the credit rating and the debts of the american people. we're not going to default. we shouldn't threaten that we are, mr. speaker. it's bad. it's not a good thing to do. mr. speaker, it's important for the american people...
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Jan 23, 2013
01/13
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you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to save lives and called on house republicans to re-authorize it immediately. the bill was up for consideration last year but blocked in the house by republican leadership. this is half an hour. >> good afternoon, everyone. this is a very special occasion for us to come together around a piece of legislation that strikes to the heart of our families and our country. i'm pleased to be here with democratic whip steny hire, ranking member conyers of the judiciary committee. congresswoman gwen moore, the author of the violence against women act and louise slaughter. congresswoman slaughter was one of
you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to...
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ceiling that. we're going to look to the floor past how much money the senate democrats want to spend on climate change we don't know because they haven't had it but i get it for you are you going to even tell us how much they want guys want to see they were being raised build a liberal you dollars the oil they want to we already know but here's here's this you know since we're asking rhetorical questions which president was it who put cap and trade on the table to do away with sulfur dioxide emissions to radically reduce sulfur dioxide emissions and it worked and sulfur dioxide went down which president wasn't that brought that forward it was george herbert walker bush this is a republic cap and trade was just just like obamacare was a heritage foundation proposal and it worked why can't we do that with carbon emission given conservatives make mistakes too and so does the economy but damn it progresses want to control carbon economy we do and americans are. we know he in the speech he talked about
ceiling that. we're going to look to the floor past how much money the senate democrats want to spend on climate change we don't know because they haven't had it but i get it for you are you going to even tell us how much they want guys want to see they were being raised build a liberal you dollars the oil they want to we already know but here's here's this you know since we're asking rhetorical questions which president was it who put cap and trade on the table to do away with sulfur dioxide...
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Jan 21, 2013
01/13
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we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in the private sector, which needs to be fluffed off. there's a deraef raejing that you've been seeing right across the western world is still going to go on, i think, for the best part of this decade. >> and we heard leading up to this election that rarely has a u.s. president been elected with such high levels of unemployment. what was different this time? >> oh, i think it had something to do with the candidate he was facing not being able to energize the public. but i also think, look, reflation? the public loves that, right? free money. >> but do th
we've gone over the cliff, now we have the debt ceiling. but, you know, even if they get over those two short-term problems, you still have got the problem of a massive deficit, which is going to have to be reigned in. at some point, you're going to get a fiscal squeeze in america and that is going to put a break on what is not very far from economic growth. i think you'll have that which is always something that is going to be there in the background. you have a lot of debt, as well, still in...
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Jan 21, 2013
01/13
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but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran. >> it's hard to believe if we can't get a meaningful negotiation within the next two years that you will not have it read capable of producing a nuclear weapons. then, the u.s. has the choice in its negotiations -- will the solution be containment or is it going to be a preventive strike? >> as he takes the oath again, he will do it with the experience of that presidencies are often formed by crises that happened outside of their control. he will know all folksy brought here last i did not change washington. he will try something -- you have to try something new if you want to accomplish his ambitious agenda thi
but his first priority is getting congress to increase the nation's debt ceiling at that talk about cutting the debt. that's where some think he will try to cement his legacy. >> he's going to try to get our long term in thailand obligations under control and set us on a new fiscal course. >> the president's first foreign-policy priority last term was israeli-palestinian peace. it's unlikely to take the top spot the second time, where most expect the president's focus to be on iran....
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Jan 25, 2013
01/13
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we add the fiscal cliff, the debt ceiling, the joe biden gun- control panel. we have allowed these to take center stage. we are falling into a sideshow trap. all these debates are about government. government is government power or the leading lady or leading man in our country today agreed to -- today's conservatism is wrapped up in solving the city's mass that is the federal budget, the burgeoning deficits, the mammoth federal debt, the shortfall in our entitlement programs. we seem to have an obsession. this is the long game for us to apply. today it is the fiscal cliff and to market will be the fiscal -- and tomorrow it will be the fiscal armageddon. our government has already gone off the fiscal cliff. it happened years ago and it happens every year for many years. today's conservatism is in love with zero. we think if we can unite behind a proposal to cut the debt and put together a spreadsheet and power point and a tv ad, call will be well. this obsession with zeroes is focused on government. by doing this, we sent a not so subtle signal that the focus
we add the fiscal cliff, the debt ceiling, the joe biden gun- control panel. we have allowed these to take center stage. we are falling into a sideshow trap. all these debates are about government. government is government power or the leading lady or leading man in our country today agreed to -- today's conservatism is wrapped up in solving the city's mass that is the federal budget, the burgeoning deficits, the mammoth federal debt, the shortfall in our entitlement programs. we seem to have...
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Jan 28, 2013
01/13
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that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism called sequester. that means $1 trillion will be cut across the board. $500 billion out of defense. across the board. >> in a meat ax approach that will hollow out the force if it happens. >> one of the nation's largest defense contractors general dynamics based in false church virginia reported $2 billion in losses. blaming the upcoming defense cuts. the aerospace industry association estimates that $450,000 jobs will be lost in virginia, maryland and washington, d.c. if dequest ration cuts take place in march, which could be devastating to the local economy. >> we are talking about somethi
that would pay for the last debt ceiling increase. >> the looming deadline is march 1. deputy defense secretary ash carter warned friday that the pentagon's $800,000 civilian employees will face furloughs. and reduce paychecks starting in april, if sequestration is not avoided. pentagon is now planning to eliminate 46,000 temporary civilian workers as a result of these imminent budget cuts. >> i got a perfect storm coming up in the next few months. we have this whole crazy mechanism...
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Jan 21, 2013
01/13
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and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish with the majority in the house and the limits in terms of the public support for their position. you know, one of the things, chuck, the president used the campaign to do was to try to lay out in front of the public the competing visions for approaches to economic growth and deficit reduction. he feels like he's been vindicated, and i think republicans in the votes that jared was just talking about str recognized he has a point. >> yeah, but, john, it all boils down to there's a very different vision when you're talking about a government that
and then with the debt ceiling, same thing. i do think there's some evidence that republicans are saying, you know, in part for public image reasons but maybe in part because of good economic reasons, we can't keep whacking away at the economy like this to please our base we ha. >> it's not about the two parties necessarily shifting their philosophical positions or moving together but more of a practical decision by the house leadership to recognize the limits on what they can accomplish...
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Jan 29, 2013
01/13
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once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david ciciline and mayor greg stanton of phoenix. you should have seen the way it was spelled in my prompter. you should have seen it, alex. you can't. you know? they try to make things easier for me, and then i just mess it up. now with alex wagner coming up next. don't go anywhere. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why s
once again finds itself locking horns with republicans over the issue of raising the debt ceiling. the amount of money the nation is legally allowed to borrow. >> oh, yeah. when it comes to raising the debt ceiling, the president is having a hard time getting it up. >> brian williams does such a good job slow jamming. that's going to wrap things up for me today. i'm going to see you tomorrow, 11:00 a.m. eastern. joining us richard bloomen thaul and debbie wasserman schultz and david...
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Jan 27, 2013
01/13
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when then senator obama voted against racing the debt ceiling he said he was doing so because the national debt was at an outrageous $8 trillion. i want to quote the president saying $8 trillion, that's trillion with a t. it is now over $16 trillion and climbing. he's not worried about it at all. indeed he calls it progress. you remember his campaign slogen. he says it is forward. i've got news for the president. if washington's debt is going forward, america's economy is going backward. instead of magging government we need to lead america to a place where she can become the land of opportunity. where she can become the place of growth and opportunity. we should put all of our eggs in that basket as conservatives and republicans. we need folks to stop this president from taking america so far off the ledge that we cannot get back. we must stop the bankrupting of our federal government. but we as conservatives must dedicate our energies to growing the economy to showing younger generations on winning the future. we need to grow the middle class. that doesn't line government. if more govern
when then senator obama voted against racing the debt ceiling he said he was doing so because the national debt was at an outrageous $8 trillion. i want to quote the president saying $8 trillion, that's trillion with a t. it is now over $16 trillion and climbing. he's not worried about it at all. indeed he calls it progress. you remember his campaign slogen. he says it is forward. i've got news for the president. if washington's debt is going forward, america's economy is going backward....
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Jan 24, 2013
01/13
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they're playing political games with the debt ceiling. and that undermines certainty. yesterday, economist simon johnson of m.i.t. testified before our committee saying that a short-term increase would only extend uncertainty he said, i quote, you will continue to undermine the private sector, you will continue to delay investment and reduce employment relative to what it would be otherwise. let's for a second remember history. the last time the house republicans played political games with the debt ceiling, august 20 11, our economy produced the lowest job growth in three years. during that two-month period, the dow jones plummeted 2,000 points including one of its worst single day drops in history, 635 points on, on august 8. s&p downgrade the u.s. credit rating for the first time in history. leading republicans in june, 2011, criticized the notion of a short-term debt ceiling increase as providing a lack of certainty. the majority leader said, i quote, we feel very strongly that one of the reasons we continue to see an ailing economy is that people have very little
they're playing political games with the debt ceiling. and that undermines certainty. yesterday, economist simon johnson of m.i.t. testified before our committee saying that a short-term increase would only extend uncertainty he said, i quote, you will continue to undermine the private sector, you will continue to delay investment and reduce employment relative to what it would be otherwise. let's for a second remember history. the last time the house republicans played political games with the...
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Jan 28, 2013
01/13
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the props for the market show that hopes for a debt ceiling will happen. germany and china are looking pretty good. you mention the corporate earnings. 68% of the companies are beating expectations. the questions you raise are very relevant. questions about whether the etf money is still coming into the market. durable goods and home sales and on wednesday we get the gdp figures which could keep the rally. >> we always keep tabs on the auto industry. pretty big news overnight from toyota? >> yes. they're number one globally between 2008 and 2010 in terms of vehicles sold. they got that crown back again this year in 2012 with 9.75 million vehicles sold. what's amazing about their retaking the number one position is they did it without china. they saw a 4.9% drop in china because of a territorial dispute between china and japan. they are looking for above average growth in 2013. very impressive status. >> steve, thank you very much. steve sedgwick, live in london. let us know why you're awake. give us an e-mail or tweet us@bshacklin. we'll read the best resp
the props for the market show that hopes for a debt ceiling will happen. germany and china are looking pretty good. you mention the corporate earnings. 68% of the companies are beating expectations. the questions you raise are very relevant. questions about whether the etf money is still coming into the market. durable goods and home sales and on wednesday we get the gdp figures which could keep the rally. >> we always keep tabs on the auto industry. pretty big news overnight from toyota?...
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Jan 23, 2013
01/13
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punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it
punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a...
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Jan 22, 2013
01/13
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they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfa
they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent...
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Jan 22, 2013
01/13
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KNTV
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there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid. we'll see how that vote goes later today. the president laid out a number of things including climate change, gay rights, health care immigration, and it remains to be seen how much of that they will be able to tackle in the second term. >> he better eat his wheaties. time to get done. thank you very much. >>> happening now, fire crews are battling to contain a fire at beale air force base about 50 miles north of sacramento. the fire has been burning for hours. this is what it looked like just last night. firefighters say they now have the fire about 75% contained. it broke out about 2:3
there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid....
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Jan 26, 2013
01/13
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FBC
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this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a republican both cried out for the party's revitalization, new ideas, and the voices. obama administration stalwart treasury secretary gagger and secretary of state clinton bidding farewell to the administration. clinton finally this week testifying on benghazi, trying to explain away one of the administration's biggest failures. another week in which president obama has dispatched vice-president biden to campaign against the second amendment. the president's inaugural this week. next week he launches his campaign for comprehensive immigration reform. next week senator kerry to be confirmed as the next
this week the republican party put forward a plan on the debt ceiling in debt and appears to have won the support of both the president and senate majority leader. the republican change in direction and tone was not matched by a change in the republican party's lead. the rnc reelected the chairman after losing both the white house and ten seats in congress to democrats in that 2012 election. his job as head of the national party even as lenient -- louisiana's popular governor and from a...
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Jan 23, 2013
01/13
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FOXNEWSW
tv
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you have a plan to deal with the debt ceiling. i want you to explain it. i've been skeptical of it, but i'm coming around and see that they might actually be some wisdom behind it and i'm giving you credit as a strong credit of the cliff deal. explain it. >> what's going forward right now, we do not want to give any long-term new debt limit as you go forward. so what we're saying is here is the senate that has not produced a budget. you know it, sean, your listeners know it, but not many across america. the last time this democrat-controlled senate passed a budget, the ipad wasn't even introduced yet and they've already gone through what, three different versions? so we're doing a short-term moving the debt limit past the april 15th deadline, 'cause the most responsible thing any elected official could do is do a budget. how do you plan for the future. so we move it to there and if you don't pass the budget you don't get paid and now what? before that time, those cuts that we fought for in the last debt limit. they go into effect the first of the month. >>
you have a plan to deal with the debt ceiling. i want you to explain it. i've been skeptical of it, but i'm coming around and see that they might actually be some wisdom behind it and i'm giving you credit as a strong credit of the cliff deal. explain it. >> what's going forward right now, we do not want to give any long-term new debt limit as you go forward. so what we're saying is here is the senate that has not produced a budget. you know it, sean, your listeners know it, but not many...
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ceiling debate by extending it for three months the question is will they continue to cave and take their medicine realize that they lost in november and if they don't moderate as a party that they're going to lose and want to. tell you that you almost have a gun to their head they lost they better capitulate and give this president everything he wants that's outrageous we live in a democracy you know where they are how they give the president what he wants only to bring the bill to the floor every time you bring the bill before the bill passes the fact that you don't bring the bills or the floor or you decided there's something about the u.s. or you know i'm not talking about the house of representatives most of the president's policies will pass the house where but if there was a true a real up and down vote the problem is that john boehner doesn't even have a real or how do you want the debt certainly. that doesn't look to the floor how much money the senate democrats want to spend on climate change we don't know because they haven't had it but i did it for you are you going to e
ceiling debate by extending it for three months the question is will they continue to cave and take their medicine realize that they lost in november and if they don't moderate as a party that they're going to lose and want to. tell you that you almost have a gun to their head they lost they better capitulate and give this president everything he wants that's outrageous we live in a democracy you know where they are how they give the president what he wants only to bring the bill to the floor...
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Jan 26, 2013
01/13
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MSNBC
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debt ceiling suspension expiring on may 19th. you think the president's policy goals will get bogged down because of these upcoming deadlines? >> that's an interesting question. we are trying to sort that one out. this punt into may, with the debt ceiling suggests that it buys everyone time on fiscal issues and might allow congress to turn its attention to immigration and gun control and other issues. certainly, the fiscal debate isn't going anywhere. a big question, will sequestration indeed happen if it does happen, does it happen assith currently written, do we make changes or the white house come up with a way to stave it off and get republicans and democrats to agree? a big push under way to get started on gun control, immigration, hearings next week to start the gun control debate. efforts under way by the end of next week, we might have a bipartisan framework for immigration reform proposals that would bring democrats and republicans together in the senate and get the balling rolling on something besides fiscal policy. a l
debt ceiling suspension expiring on may 19th. you think the president's policy goals will get bogged down because of these upcoming deadlines? >> that's an interesting question. we are trying to sort that one out. this punt into may, with the debt ceiling suggests that it buys everyone time on fiscal issues and might allow congress to turn its attention to immigration and gun control and other issues. certainly, the fiscal debate isn't going anywhere. a big question, will sequestration...
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Jan 22, 2013
01/13
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KTVU
tv
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the debt ceiling debate is in the spotlight. as kyla campbell reports there's an important meeting planned today and a vote planned for tomorrow. >> reporter: mike thompson is part of a house committee holding a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt ceiling so the u.s. can pay its bills through may. if congress approves, pressure falls on senate democrats to pass their first budget in four years. without one there could be a partial government shut down at the end of march. congressman mike honda is making a pitch. i will explain his proposal when i see you next. back to you. >> thank you. >>> great economic news just coming in right now. u.s. home sales rose to a five- year high last year. that should bode well for the markets. dow jones is down a little bit. right now, the nasdaq also down, but
the debt ceiling debate is in the spotlight. as kyla campbell reports there's an important meeting planned today and a vote planned for tomorrow. >> reporter: mike thompson is part of a house committee holding a meeting today on the debt ceiling. they are taking a look at how the past has voted to raise the limit. the committee is examining the constitution to see if it provides options for the president when the deal is reached. tomorrow, the house will vote on increasing the debt...
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Jan 25, 2013
01/13
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KPIX
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if congress and the white house can't agree on the deficit or the debt ceiling. will washington work is the theme of a seminar in davos today. house majority leader eric cantor, who is here will have to answer. that's the question on a lot of people's minds, why can't the u.s. get its act together? >> you know i think the thing that differentiates the u.s. from so many of the other countries especially in the eu we know how to fix our problem, and we're just at lagerheads as to which way to go. >> reporter: but the head of the international monetary fund christine lagarde said here "the u.s. has to confront this." if those decisions are postponed again -- >> well it will be pushing the can down the road again which was the reproach that we made against the europeans and i don't think that the u.s. should fall in that trap. >> reporter: and with the u.s. economy now showing renewed strength, the feeling here is that the u.s. could help pull up the rest of the world, if washington could just get out of the way. charlie, norah? >> anthony mason thank you. >>> in the
if congress and the white house can't agree on the deficit or the debt ceiling. will washington work is the theme of a seminar in davos today. house majority leader eric cantor, who is here will have to answer. that's the question on a lot of people's minds, why can't the u.s. get its act together? >> you know i think the thing that differentiates the u.s. from so many of the other countries especially in the eu we know how to fix our problem, and we're just at lagerheads as to which way...
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Jan 21, 2013
01/13
by
FOXNEWSW
tv
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they're saying, we're going to let you raise the debt ceiling, mr. president, if you agree in three months to come up with a budget? you hate that idea? >> i don't like it because how long does it take to come up with a budget? you can come up with a budget -- they've been doing budgets for the last six years and we don't come up with budgets. they haven't come up with a budget -- i was looking just before in the senate, we haven't come up with a budget in years. how long does it take? >> gretchen: they don't want to. they voted, i think it was something to zero. >> steve: 97. >> gretchen: 97 to 0 on the last attempt. it seems to be this disconnect in society where people want to took spending when you look at the poll, but then that's not really what happens on capitol hill. >> they don't want to -- the public wants it to be tackled, the americans want it to be. everybody wants it to be tackled except congress. >> steve: yeah. >> they better tackle it quickly. >> steve: we tackled the "new york times" this morning. we saw good news four and the busi
they're saying, we're going to let you raise the debt ceiling, mr. president, if you agree in three months to come up with a budget? you hate that idea? >> i don't like it because how long does it take to come up with a budget? you can come up with a budget -- they've been doing budgets for the last six years and we don't come up with budgets. they haven't come up with a budget -- i was looking just before in the senate, we haven't come up with a budget in years. how long does it take?...
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Jan 29, 2013
01/13
by
CURRENT
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if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a relief the fiscal issues are out of the way and we can talk about something else like maybe immigration reform. very unusual to see these days eight senators, four from each party, agree on anything, correct? >> it is. >> bill: you cover the congress. you're there. >> i do. filibuster reform deal that killed filibuster reform. this is
if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i...
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Jan 22, 2013
01/13
by
KTVU
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ceiling as their main priority and house leaders just unveiled legislation yesterday to extend through the middle of may. without that move, the u.s. could default for the first time ever and the current debt limit is $16 trillion and they do not set a specific limit. they are now shifting gears and they can pressure senate democrats to pass a budget for after four years of failing to do so. they also included provision which says if there is no deal by april 15th, lawmakers do not get paid. but senate has not passed one since 2009 and now the gop feels they have americans on its side. >> americans get it, federal overspending is actually dragging our economy down rather than lifting our families up. >> what they are saying when i see you next, kyla campbell ktvu channel 2 morning news. >>> and you can watch more of president barack obama's inauguration including beyonce say saning the national and them. >>> the man has been identified. police are not exposing his name but he exposed himself on miller treat and last -- heller street. pill have not reviewed the information yet. >>> toda
ceiling as their main priority and house leaders just unveiled legislation yesterday to extend through the middle of may. without that move, the u.s. could default for the first time ever and the current debt limit is $16 trillion and they do not set a specific limit. they are now shifting gears and they can pressure senate democrats to pass a budget for after four years of failing to do so. they also included provision which says if there is no deal by april 15th, lawmakers do not get paid....
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Jan 28, 2013
01/13
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FOXNEWS
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look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id long-timal mentality. what we like to think of unfortunately is that politics in washington is a little bit now like professional wrestling okay. there is this demonstration going on but it is kind of scripted and it doesn't really get to the full truth of what is going on. >> sean: there are two other issues we haven't dealt with yet. one is the media. they are not doing specials on this. number two, american people you know what, i don't know if they are either aware or they don't care. you want to weigh in here but the bottom line is they voted in obama. i got chris matthews all mad, he didn't get a tingle up hi
look at sequestration and the spending cuts and the debt ceiling we believe it is all a dog and pony show. there is really not going to get cut, only get large. >>> he never spoke at the inaugural address about balancing the budgets and living within our means and making difficult choices. just the opposite. he seems to want to lock in this permanent welfare dependency mentality in the country which pretty much guarantees america becomess. >> you have this philosophical id...
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Jan 21, 2013
01/13
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CSPAN
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piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you will see taken piece by piece. the easiest one to accomplish will be those that come forward the fastest, and the same for immigration reform. there is a lot that could be done and a comprehensive approach, but i think you will see that come down to the very bare minimum that both sides are able to agree on. >> let me follow up with a vote that will happen on wednesday. that will give another three months and the extension of the debt limit. weird is that position? why delay that for three months? where does that put them in march and april? >> this is an acknowledgement that they have lost
piecemeal is exactly the right word to describe the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you...
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Jan 22, 2013
01/13
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CNNW
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republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would be a pla
republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he...
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Jan 22, 2013
01/13
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CNBC
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what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> shares of research in motion are up sharply this morning, after the ceo said the ongoing review could potentially leetd to the sale of its handset business. plaque berry upgrades alone could in fact drive themes. the question in terms of if they do license their software platform, jim, who would they license to, since knockia is with microsoft, and samsung, motorola with android, so who is left to license w
what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock....